Headquartered in Paris, the pan-European exchange Euronext is expanding into five more European cities: Zurich, Frankfurt, Munich, Milan and Madrid. The markets were chosen for their good growth opportunities in the technology sector, according to a statement announcing the new offices.
Euronext’s aim in these new cities is to assist technology companies develop their business on a greater scale through capital markets. As CEO Stéphane Boujnah told the Neue Zürcher Zeitung, Euronext is interested in particular in helping startups get their business of the ground and find solutions to financing and liquidity problems.
“Startups generate barely any revenues, and when it comes to financing they often cannot choose between borrowed capital and equity,” said Boujnah.
Euronext currently has more than 300 listed technology companies. It is the largest listing venue in the world for medical technology and the second largest for biotech.